A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price$117Units in beginning inventory 0Units produced 2,900Units sold 2,500Units in ending inventory 400Variable costs per unit: Direct materials$32Direct labor$45Variable manufacturing overhead$2Variable selling and administrative expense$9Fixed costs: Fixed manufacturing overhead$43,500Fixed selling and administrative expense$15,000 The total gross margin for the month under absorption costing is:
A. $95,100
B. $57,500
C. $20,000
D. $72,500
Answer: B
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